Gold prices plunged over 3% as robust US jobs data boosted expectations of Federal Reserve rate hikes, with rising bond yields and a stronger dollar pressuring the precious metal.
A tech-led stock market rout has contributed to gold's sell-off
Jun 06, 2026
11:08 am
What's the storyGold prices have witnessed their biggest fall in over two months, falling as much as 3.4%.
The decline comes after strong US jobs data strengthened expectations that the Federal Reserve may raise interest rates this year.
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